Cheats never prosper. Or do they? Search engine optimizer Diggity Marketing tallied fines paid by some of the world’s largest companies between 2000 and 2020. The 100 most-fined companies paid between them equaled $482 billion in 8,938 separate fines.

Environmental, social and governance (ESG) is a philosophy, not a catchphrase. A principle for the good of expanding principal, ESG is a chance for the insurance industry to do well by doing good.

The events of the last year have provided many lessons, inside and outside the insurance industry. One concept is a certainty: It’s vital that we are prepared for what the future brings.

The world’s number three insurance broker is the latest to express its commitment to delivering net zero greenhouse gas emissions across its business operations.

Intangible assets account for nearly 70% of total business value – about $11 trillion – for the world’s 50 largest corporations, according to a new report from international insurance broker Howden.

London-based claims and insurance management company Charles Taylor Ltd. said Tuesday that it has acquired U.S. adjuster Syndicate Claim Services Inc.

As the world continues to invest in growing technology and the internet of things (IoT) evolves to offer more in the way of risk solutions, it’s no wonder that businesses and their risk teams are looking to utilize the capabilities offered.

Unlike flood risk receding after a storm, the secondary perils being ushered in by the pandemic could last for years to come. No doubt, as a seasoned risk professional, you hear the term ‘secondary peril’ and immediately think of natural catastrophes and any subsequent risk they could bring.

It is an unfortunate truth that organizations are really only as secure as their least secure third-party vendor. This reality has been recently brought to the forefront.

Who had ‘giant cargo ship’ on their bingo card for possible disasters at the start of 2021? What about ‘derecho in Iowa’ in 2020? ‘Global pandemic’ at the outset of 2020?

.

The risk landscape has welcomed the invaluable insights that psychology and behavioral health have produced.

Fast forward 15 years. U.S. catastrophe losses have leveled off at sub-$350 billion for the past three years, with 2035 marking a seven-year low. The Insurance Institute for Business and Home Safety (IBHS) just certified its 1,000th Fortified Community, meaning 75% of Americans now live in a jurisdiction with a truly holistic, fully risk-aware, climate resilience plan.

From shortages of personal protective equipment to checking employees’ temperatures, to sending staff to work at home for an unspecified time frame, the COVID-19 pandemic has presented challenges for businesses that once seemed unimaginable.

Strategic risks can expose an organization to loss and even extinction when unrecognized or unmanaged. Think of the many well-known companies that have ceased to exist due to a failure to recognize the risks coming from new technology, changing customer preferences, heightened competition, new regulatory burdens or socio-economic volatility.

For millennia, humans have struggled to survive and thrive on a sometimes deadly planet. Earthquakes, plagues, crop failures, floods, fires all periodically wipe out enormous numbers of lives.